Agreement demonstrates SYNNEX and its CE division New Age Electronics’ continued investment in the wearable health and fitness technology category
GREENVILLE, SC – June 23, 2014 – SYNNEX Corporation (NYSE: SNX), a leading distributor of IT products and services, announced today that it is a key distributor of iriver, the creator of the smart exercise headset the iriver ON. A Bluetooth audio headset powered by PerformTek® Precision Biometrics, the iriver ON is equipped with state of the art sensor technology that continuously measures real-time biometric data, including heart rate, physical location and workout data, with a high degree of accuracy and consistency while the user listens to music or answers phone calls. The iriver ON is available to retailers through New Age Electronics, a leading distributor of consumer electronics products and services and a division of SYNNEX Corporation. The iriver product strengthens SYNNEX and New Age Electronics’ growing wearable technology portfolios and contributes to their evolution to a one-stop shop for resellers and retailers.
“We are pleased to expand our investment in the wearable health and fitness category by bringing iriver to the IT and CE channels,” saidPeter Larocque, President, North America, Distribution, SYNNEX Corporation. “This unique product line brings new possibilities to a wider demographic of users and creates a new standard for devices that blend fitness, entertainment and functionality in one of the most rapidly growing technology categories in the industry.”
According to Marketdata Enterprises, Americans spend north of $60 billion annually to lose weight and spend is only increasing. The iriver ON delivers a more precise wireless solution to this rapidly growing market. Designed for both male and female users of all ages, the iriver ON offers consistent monitoring of heart rate and biometric information without the discomfort of wearing a chest strap. The iriver ON Smartphone App serves as a personal trainer for users and provides a customized, repeatable workout experience with no additional clips, dongles or extra gear.
“An industry-proven leader in IT and CE distribution, SYNNEX enables iriver to expand its reach in these dynamic channels and capitalize on new growth opportunities,” said Owen Kwon, Vice President, Business Development for iriver. “Our agreement brings together two leaders in technology innovation and delivers the benefits of collaboration to an established and rapidly growing health and fitness customer base.”
As one of the first companies to introduce a MP3 device, iriver is a trusted brand manufacturer and forward-looking leader in technology innovation. By delivering an easy to use technology with a long life-cycle, iriver fills an industry-wide gap with its award-winning iriver ON product. Since its launch, the iriver ON has been covered by Forbes, C/net, Gizmodo, Popular Science, Engadget and MIT Technology Review, among others.
To learn more about iriver, resellers can contact SYNNEX’ New Age Electronics Division at 800-947-5974 or email@example.com.
About SYNNEX Corporation
SYNNEX Corporation (NYSE: SNX), a Fortune 500 corporation, is a leading business process services company, servicing resellers, retailers and original equipment manufacturers in multiple regions around the world. The Company provides services in IT distribution, supply chain management, contract assembly and global business services. Founded in 1980, SYNNEX employs approximately 49,000 full-time and part-time associates worldwide. Additional information about SYNNEX may be found online at www.synnex.com
About New Age Electronics
New Age Electronics, a division of SYNNEX Corporation (NYSE: SNX), is a sales and supply chain solutions innovator that provides consumer technology (CT) manufacturers with a broad offering of logistics, distribution and remanufactured services. Extensive experience in the CT industry and a customer-centric approach has made New Age Electronics the provider of choice. New Age Electronics distinguishes itself with efficient operations and relentless focus on customer satisfaction. Founded in 1988, New Age Electronics is headquartered in Carson, California. For more information about New Age Electronics, call (310) 549-0000, toll-free (888) 234-0300 or visit the company’s website at www.newageelectronics.com.
Iriver Ltd is the global IT device powerhouse. Since its founding in 1999 iriver has become renowned for its product innovation, style-driven technology and track record of market dominance. The company’s ever expanding digital product lines include: Multimedia Devices (MP3, MP4, PMP, DMB), Network Devices (Home Media Centre, Wi-Fi Network, Navigation Products) and Content Devices (E-Dictionary, E-Book). For more information on iriver and its product lines, please visit: www.iriverinc.com andhttp://www.facebook.com/iriverONfitness.
Safe Harbor Statement
Statements in this release that are forward-looking, such as product features and capabilities, category investment and growth, weight loss spending increase, and success of the collaboration, involve known and unknown risks and uncertainties, which may cause the Company’s actual results in future periods to be materially different from any future performance that may be suggested in this release. The Company assumes no obligation to update any forward-looking statements contained in this release.
Copyright 2014 SYNNEX Corporation. All rights reserved. SYNNEX, the SYNNEX Logo, NEW AGE ELECTRONICS, the NEW AGE ELECTRONICS logo and all other SYNNEX company, product and services names and slogans are trademarks or registered trademarks ofSYNNEX Corporation. SYNNEX, the SYNNEX Logo, NEW AGE ELECTRONICS and the NEW AGE ELECTRONICS Logo Reg. U.S. Pat. & Tm. Off. Other names and marks are the property of their respective owners.
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